Investors Sell Shares of Altria Group (MO) on Strength (MO)
Investors sold shares of Altria Group (NYSE:MO) on strength during trading hours on Monday. $41.52 million flowed into the stock on the tick-up and $86.37 million flowed out of the stock on the tick-down, for a money net flow of $44.85 million out of the stock. Of all stocks tracked, Altria Group had the 12th highest net out-flow for the day. Altria Group traded up $0.56 for the day and closed at $66.88
A number of research analysts recently commented on MO shares. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $75.77 price objective on the stock. in a research report on Monday, August 1st. Argus set a $73.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, July 11th. Bank of America Corp. reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Altria Group in a research report on Tuesday, May 17th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $69.00 target price (up from $64.00) on shares of Altria Group in a research note on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $68.31.
The stock has a 50-day moving average price of $67.06 and a 200 day moving average price of $64.63. The company has a market cap of $130.68 billion and a price-to-earnings ratio of 23.22.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Altria Group’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Altria Group will post $3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This is a positive change from Altria Group’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 3.65%.
In other news, SVP Charles N. Whitaker sold 11,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total value of $731,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James E. Dillard III sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total value of $600,120.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Altria Group stock. Dimensional Fund Advisors LP raised its stake in shares of Altria Group (NYSE:MO) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,722,738 shares of the company’s stock after buying an additional 249,380 shares during the period. Dimensional Fund Advisors LP owned 0.19% of Altria Group worth $216,717,000 as of its most recent filing with the SEC.
Altria Group, Inc is a holding company. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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